SoFi plans to raise $1.5 billion through a stock offering to expand its product lines

Financial technology company SoFi Technologies is seeking to raise $1.5 billion through a new stock issuance to expand its product lines beyond its lending business.

The statement shows that the company is working with Goldman Sachs to advance this share offering. According to informed sources, the price range for the issuance is between $27.5 and $28.5 per share, representing a maximum discount of about 7.1% from Thursday's closing price of $29.6.